Ed and Dan go over the benefits of HSAs for federal employees and retirees, including how they work in conjunction with HDHPs to provide tax advantages and help cover medical expenses. They also explore the triple tax benefit of HSAs, and how they can be used as a flexible retirement savings tool. Finally, they discuss common mistakes HSA owners should avoid, including issues with withdrawals and beneficiary designations.
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FedLife Podcast (ep. 135): Unlocking HSA Benefits, Tax Advantages, and Common Mistakes
Discover the benefits of HSAs, including their tax advantages and use for medical savings. Learn about the triple tax benefit and how HSAs can double as a retirement tool, plus avoid common mistakes.
Featured in this episode:
- What Is an HSA and How Does It Work?
- How Do HDHPs and HSAs Work Together?
- Trifecta Tax Advantage of an HSA: What You Need to Know
- Why an HSA Can Be a Powerful Retirement Tool
- Common Mistakes to Avoid When Managing Your HSA
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